Essential Oils Market, Driven by Growing Demand in Developed and Emerging Industry, to Grow CAGR of 9.50% and USD 15.2 billion by 2030
Research Reports
Jun 22, 2023
Market Research Future Insights
According to MRFR analysis, Global Essential Oils market is expected to register a CAGR of ~ 9.50% from 2023 to 2030 and hold a value of over USD 15.2 billion by 2030.
The global essential oils market has been experiencing significant growth in recent years. Essential oils are highly concentrated plant extracts that are used for their aromatic and therapeutic properties. They are commonly used in various industries, including cosmetics, food and beverages, pharmaceuticals, and aromatherapy. Several factors are driving the growth of the essential oils market. Growing consumer preference for natural and organic products, increasing awareness about the health benefits of essential oils, and rising demand for natural fragrances in cosmetics and personal care products are some of the key drivers.
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Key Players
Some of the key market players are G Baldwin & Co, doTerra , Rocky Mountains Oil , Young Living Essential Oils, Mountain Rose Herbs, Ryohin Keikaku Co., Ltd.
Market Segmentation
Global Essential Oils market has been segmented into type, and application.
Type: Orange Oil, Lemon Oil, Peppermint Oil, Corn Mint Oil, Citronella Oil, Spearmint Oil, Clove leaf Oil, Eucalyptus Oil
Application: Food & Beverages, Personal Care, Aromatherapy, Air Care
Regional Analysis
North America is one of the major regions for the production and consumption of essential oils. The United States and Canada have a significant presence in the market, driven by the growing demand for natural and organic products. Consumers in this region are increasingly adopting essential oils for their various applications, including aromatherapy, personal care products, and food and beverage industry.
Europe is another prominent market for essential oils. Countries like France, Germany, and the United Kingdom are the major contributors to the region’s market growth. The demand for natural and organic products, coupled with the rising awareness about the benefits of essential oils, has driven the market in this region. Additionally, Europe has a strong tradition of herbal and aromatherapy practices, further boosting the demand for essential oils.
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The Asia Pacific region is experiencing rapid growth in the essential oils market. Countries like China, India, and Japan are key players in this region. The increasing disposable income, changing lifestyles, and growing awareness of the health benefits of essential oils are driving the market growth in this region. Additionally, the presence of a rich biodiversity in countries like India and Indonesia contributes to the production of a wide variety of essential oils.
Related reports:
Essential Oil & Aromatherapy Market Research Report Information By Application (Medical, Beverages And Food, Wellness And Spa Products, Home Care, Personal Care, Fragrances, Toiletries, Cosmetics), By Flavours (Spices, Herbs, Flowers, Fruits), By Product Type (Carrier Oils, Blended Oils And Essential Oils) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032
Aromatherapy Market Research Report Information By Product (Essential Oil, Carrier Oils And Blended Oils), Equipment (Nebulizer Diffuser, Ultrasonic Diffuser, Heat Diffuser), By Application (Tropical, Inhalation, Aerial Diffusion), Therapeutic Application (Relaxation And Sleep, Pain Management, Skin And Hair Care And Other Remedies), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2030
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